Understanding order types is essential for trading Asian stocks.

Market Order

  • Executes immediately at best available price
  • Guaranteed execution, not guaranteed price
  • Use when: you want to buy/sell NOW

Limit Order

  • Only executes at your specified price or better
  • Guaranteed price, not guaranteed execution
  • Use when: you want a specific entry/exit price

Stop-Loss Order

  • Becomes a market order when price hits your stop level
  • Used to limit losses

Asian Market Specifics

  • Japan: Has daily price limit (limit up/down) — stocks can be halted if they move too much
  • China: 10% daily limit (5% for ST stocks)
  • South Korea: 30% daily limit
  • India: Circuit breakers at 10%, 15%, 20% market-wide moves